RBC Braces for Losses While Thrasio Files for Bankruptcy, Bitcoin Surges on Leverage, and CIBC Finances Drips as Trump Seeks $100M Bond
• RBC sets aside more money for bad loans but sees potential for interest rate cuts • Thrasio, a major Amazon merchant aggregator, files for bankruptcy to cut debt • Crypto leverage fuels latest Bitcoin surge • CIBC provides growth financing to conversational outreach company Drips • Trump lawyers seek to post $100 million appeal bond in fraud case